2ND TERM

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SCHEME OF WORK
WEEK TOPIC
1. Revision of First Term’s work
2. Bank service: commercial bank – services provided by commercial banks, Ethical issue in banking
3. Insurance: definition of insurance, insurance services, types of insurance policy – vehicle, fire, burglary, marine, Life insurance, pension, health, etc and benefits of insurance
4. Book keeping – Ledger Entries: ledger, meaning of ledger, items on a ledger – date, particulars, folio, Discount – amount, how to record cash receive payments = discount received, discount allowed and contra entries
5. Book keeping – petty cash book: meaning of petty cash book, preparation of petty cash book, imp rest system – petty cash, refinement and reimbursement.
6. Cash Book; Meaning of cash book, types of cash book – single column cash book, two/double column cash book, items on a column cash – cash column, bank column and discount column, preparation of cash book – cash column, bank column and discount column, preparation of cash book.
7. Pitman shorthand(vowel placement): Vowels: Placement(first second and third), Types (eeou), word drills.
8. Pitman shorthand(Third group of consonants and vowel): Consonants and Vowels – Third group of consonants ( k, g m, n, ng, I , w, y), first place Vowels(ah, oo, aw), Third place( e, I, oo, oo)
9. Pitman shorthand (consonant R & H): Consonant Vowels – The fourth(last group of consonants (R & H), Forems or R & H – Upward, Downward, Diphthongs and triphone – meaning , shorthand outlines and signs.
10. Revision

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Bank and Their Services
Preview
1. Bank service: commercial banks
2. Functions/Services provided by commercial banks,
3. Ethical issues in banking

Full Content
Banks are public limited liability companies that are in the business of providing financial services to consumers and businesses. They receive, transfer, pay, exchange, lend, invest and safeguard money for people or companies.
COMMERCIAL BANKS
A commercial bank is a financial institution that renders financial services to customers. It performs a number of functions which are listed below:
FUNCTIONS OF COMMERCIAL BANKS/SERVICES PROVIDED BY
1. Accepting deposits from depositors/customers
2. Keeping money and valuables in safety for customers
3. Assisting customers with loan and overdraft to start or expand their business
4. Giving financial/investment advice to customers
5. Trading in foreign currency and giving traveler’s cheque to customers travelling abroad.
6. Assisting customers to transfer money from one country to another
7. Acting as a trustee or guarantor on behalf of their customers.
Let’s take a closer look into each of the functions.
FUNCTIONS/SERVICES OF COMMERCIAL BANKS
1. Acceptance of Deposit: By accepting deposits from borrowers and then lending the money to borrowers, banks encourage the flow of money to productive use and investment. This in turn allows the economy to grow.
2. Keeping Valuables in Safety for Customers: Commercial banks help in safe-keeping valuables such as jewelries, company’s share certificates, etc and thereby prevent such from being stolen or damaged.
3. Assisting Customers with Loans: This effort provide ready fund to those who want to engage in business but lack the fund to go into such businesses.
4. Giving Financial Advice to Customers: This helps prevent taking risk that could affect customers financially.

ETHICAL ISSUES IN BANKING
1. Banks should keep all financial matters of individuals confidential.
2. Bank officials must keep customer’s account accurate.
3. Officials of bank must avoid stealing from the bank.
4. Bank clerks must not steal from customers.
5. Banks must follow government regulation.
6. Bank should not give false report to the government.
7. There should be no cover up of customers’ financial crime.
8. All documents related to criminal activities must be made available to the appropriate government agencies when demanded.
EVALUATION
Objectives:
1. Which of the following is not among banking services
a. Loans b. Traveller’s Cheque c. Banker’s draft
2. Which of the following is not an ethical issue in the banking sector?
a. Confidentiality b. Integrity c. Non-transparency
Theory:
3. Define a commercial bank.
4. When banks allow customers to draw more money than he has in his bank account, this is called_____________




MAIN TOPIC: BANK SERVICES
SPECIFIC TOPIC: Commercial banks
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 30-36
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 58-61

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 define a commercial bank
 mention examples of commercial banks

CONTENTS:
Banks are places where money is kept until the owner requires it.
Commercial banks are places for keeping money and other valuables such as jewelries and important documents.
The most important function of the commercial bank is the safe keeping of money until the owner needs it.
Examples of commercial banks are: Zenith bank, Access bank, GTB First bank etc.



EVALUATION:
 What is commercial bank
 mention five examples of commercial banks around you.

HOME-WORK: mention five services provided by commercial banks









LESSON 53
MAIN TOPIC: BANK SERVICES
SPECIFIC TOPIC: Commercial banks
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 30-36
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 58-61

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 define a commercial bank
 mention examples of commercial banks

CONTENTS:
Banks are places where money is kept until the owner requires it.
Commercial banks are places for keeping money and other valuables such as jewelries and important documents.
The most important function of the commercial bank is the safe keeping of money until the owner needs it.
Examples of commercial banks are: Zenith bank, Access bank, GTB First bank etc.



EVALUATION:
 What is commercial bank
 mention five examples of commercial banks around you.

HOME-WORK: mention five services provided by commercial banks

further studies
http://education-portal.com/academy/les ... tml#lesson

http://www.preservearticles.com/2012033 ... banks.html

https://www.classle.net/book/functions-commercial-banks#


practice test
http://wizznotes.com/pob/business-finance/quiz

http://www.financialquiz.net/financialquiz.php

http://homes.chass.utoronto.ca/~reak/ec ... iz12v3.htm mention examples of commercial banks

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INSURANCE
Preview
1. Insurance: definition of insurance.
2. Insurance services.
3. Types of insurance policy – vehicle, fire, burglary, marine, Life insurance, pension, health, etc
4. Benefits of insurance
Full Content
Meaning of insurance: insurance is the protection against the loss of property and life. With regard to property, insurance covers practically everything an individual or business owns (building, vehicles and even clothes). Insurance can be taken out on practically anything for which risk is associated.
Insurance is usually undertaken when a person enters into an agreement with an insurance company by paying an amount of money called the Premium. The company is known as the Insurer. The person who pays the premium is the insured.
SERVICES PROVIDED BY INSURANCE COMPANIES
1. It provides compensation for losses incurred by individuals and businesses
2. It minimizes losses and risks by spreading it through the creation of a common fund to which many contribute in order to make good the losses of a few.
3. It aids business survival and help them to quickly recover economically from natural or man-made disaster.
4. To help families whose breadwinners may die accidentally while at work
5. Provide sources of fund in case of health break down.
6. Provide continuous funds for those who have retired.
TYPES OF INSURANCE
1. Vehicle insurance: This form of insurance can be taken by any person or business that owns a car. Once an individual has taken out such an insurance, that person is covered against a specific loss.
FORMS OF VEHICLE INSURANCE COVERAGE
• Third party insurance: This policy allows a driver whose car is hit by another car to file a claim against other who is wrong and who holds this type of policy. In other words, the insurance company insures the person which the policy holder may accidentally hit. It provides protection against liability caused by a car accident.
• Comprehensive Insurance: This policy covers the loss incurred by the individual who took out the policy and the person he accidentally hit. The policy holder can also recover a certain percentage, as high as 80% of the cost of the car, if it is stolen, washed away by flood or damaged by a fallen tree.
2. Fire insurance: is a coverage against fire hazards which may consume business premises or personal property. In recent years, there have been numerous fire hazards in public buildings. The Republic building in Lagos state, the Cocoa House in Ibadan, the Pay Office in Abuja and NNPC office complex in Lagos and some examples of high rise buildings destroyed by fire in Nigeria. The losses associated with this buildings would have been enormous but for the fact that the owner of this building had insured them against fire hazards. At the occurrence of such fires, the insurance company would pay a sum agreed at the time of insurance.
3. Burglary or Theft insurance: This type of policy covers loss of, or damage to property in the event of burglary or theft. Items that are insured under this class of insurance stock, plant and machinery, household effects, office equipment, etc
4. Marine/Sea Insurance: This is one of the oldest types of insurance. Cover provided by a marine insurance policy is limited to dangers on water, that is, it covers loss of, or damage to ships, and the cargo carried by them.
5. Life Assurance: Life assurance serves a dual purpose. It is a means of reducing the financial burden of a family which the bread winner may bring. It is also a method of saving.
Life assurance is always for a specific period of time during which the assured continues to pay his or her premiums. The payment of such premium may be yearly, quarterly or monthly.
In the event of the assured’s death, the insurance company pays out the sum assured by the policy.
Types of Life Assurance
• Whole life assurance: This policy ensures the payment of the amount of money due at the death of the assured.
• Endowment assurance: This policy is taken up for a specific period, e.g. twenty years.
BENEFITS OF INSURANCE
• Protects capital assets against such risks as fire, theft, accidents.
• Enables the policy holder to form the habit of saving regularly
• Helps the assured to obtain loan for some future business or other projects. For example, in certain circumstances, life assurance can be used as a security for loan.
• Provides cash (an income benefit) for the dependants of the policy holder in the event of death.
• Ensures that worries and embarrassment that might make an individual unhappy and removed, since he is certain that any loss or damaged suffered by him will be made good by the insurance company.
EVALUATION
Objectives:
1. Which of the following is the purpose of insurance? (a) to make profit (b) to make good the loss suffered (c)to collect premium (d) to avoid loss
2. One of the insurance policy is not for motor vehicle (a) third party(b) marine(c) comprehensive (d) theft
3. All the risk stated below are not insurable except (a)storm(b) earthquake(c) gambling (d) thefts
4. What is the sum of money paid by the insured to the insurance company called? (a) discount (b) commission (c) premium (d) dividend
Theory:
1. What is insurance?
2. Why is insurance important to the businessman or individual taking out a policy?
3. What are the benefits of insurance?




MAIN TOPIC: INSURANCE
SPECIFIC TOPIC: Types of Insurance
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 37-45
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Pages 62-66

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 mention types of Insurance
 explain the different types of Insurance

CONTENTS:
TYPES OF INSURANCE
 Vehicle Insurance
 Fire Insurance
 Burglary Insurance
 Marine Insurance
 Pension Insurance Scheme
 Health Insurance
 Agricultural Insurance
 Life Assurance





FIRE INSURANCE: This is coverage against fire accidents which may consume business premises or personal property.

BURGLARY OR THEFT INSURANCE: Business premises may be burgled especially during the night. This type of insurance will enable the business man to recover the value of the items burgled.

MARINE INSURANCE: This is a kind of insurance against risks involved when goods are carried by sea. The policy covers both the ship carrying the goods and the goods themselves.

EVALUATION:
 mention five types of Insurance
 explain three out of the types of Insurance mentioned

HOME-WORK: explain Life Assurance

further studies
http://www.gruenden.ch/en/founding-proc ... -security/

http://typesofinsurance.org/

http://www.insuranceinfo.com.my/choose_ ... efLangID=1&





LESSON 49
MAIN TOPIC: INSURANCE
SPECIFIC TOPIC: Advantages and disadvantages of insurance
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 mention advantages of insurance
 mention the disadvantages of insurance

CONTENTS:
ADVANTAGES
It eases or reduces the burden of loss on the individual or business taking out the policy
Risks of ownership are minimized
Although life cannot be restored by any insurance policy, the surviving members of a family can be adequately compensated to minimize hardship.

DISADVANTAGES
Some insurance companies usually dodge payment of compensation to the insured when it is necessary to do so.

EVALUATION: Mention two advantages and two disadvantages of insurance

HOME-WORK: What is banking?

further studies
https://www.360financialliteracy.org/To ... -insurance

http://www.insuranceresearchers.com/adv ... insurance/

http://www.prokerala.com/banking/articl ... option.php


practice test
http://www.quibblo.com/quiz/a1aulgo/Gen ... rance-Exam

http://www.insuranceinfo.com.my/help_an ... efLangID=1&

http://www.proprofs.com/quiz-school/sto ... ise-exam-1

http://www.insureuonline.org/quiz_under30.htm

http://netlearnnow.com/aie-folder/free_ ... quiz1.html

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Topic: Book Keeping - Ledger Entries
PREVIEW
1. Book keeping – Ledger Entries: ledger, meaning of ledger,
2. Items on a ledger – date, particulars, folio, Discount – amount,
3. How to record cash received/payments: discount received, discount allowed and contra entries
Full Content
Meaning of Ledger:
A ledger is the principal book of account where all accounting entries are recorded. It usually has numbered pages to enable it to be easily identified from other book of account. Each page is called a Folio, and the number in it is called Folio number. A Ledge is drawn as follows:
ITEMS ON A LEDGER/LEDGER ENTRIES
DEBIT (DR) CREDIT(CR)
DATE PARTICULARS FOLIO AMOUNT DATE PARTICULARS FOLIO AMOUNT
N K N K
Entries on the left side are DEBIT ENTRIES Entries on the right side are CREDIT ENTRIES

1. Date: this column is for recording the day, mount and year the transaction took place
2. Particulars: this column explains the type of transaction that took place, e. g sales, purchase and name of individual that is involved in the transaction
3. Folio: this column is used in entering the page number of the journal from which from which the posting to the ledger account is made
4. Discount: this column is for entering the discount received for proper reconciliation when cost is being calculated.
5. Amount: this column is used to record the actual monetary value in Naira and Kobo.

HOW TO RECORD CASH RECEIVED/PAYMENT
EXAMPLE: If Mr. Hassan made the following transactions, they will be posted in a three – column cash book:
March 1. Cash at hand 200
Cash in bank 2,000
1. Withdrawal of office cash 300
2 Customer R. Adelai settle his account of
N200 by cash and was allowed 5% discount
4 Paid wages by cheque 700
5 Receive cheque from R.Winla 1,160
5 Allowed him discount 0
5 Purchase of goods less 5% discount
(Discount received) by cash 400
6 Paid T. Chike by cheque 280
Discount received 20
6 Bought packaging materials for cash 20
7 Cash sales 3,000
7 Paid into bank 2,800
What was the balance brought down on 7th Mar,2005?

Mr. Hassan’s Three Column Cash Book for March 2005
Date Particulars Folio Disct. Allwd Cash Bank Date Particulars Folio Disct. Received Cash Bank
Mar 1
Mar 2
Mar 2
Mar 5
Mar 7
Mar 7



Oct. 1 Balance
Bank
R. Adelai
R. Winla
Sales

Cash


Balance b/d





cc


b/d

10
40



200
300
190

3000


2,000


1160


2,800 Mar 2
Mar 4
Mar 5
Mar 6
Mar 6

Mar 7
Mar 7 Office Cash
Wages
Purchases
T. Chike
Packing mat.
Bank
Balance





cc

20
20





380

20

2,800
490 300
700

280



4,680
50 3,690 5,960 40 4,500 8,000
490 4,680

From Mr. Hassan’s Cash Book, the following ledgers can be drawn:
Dr Office A/c Cr
Date Particulars Amount N Date Particulars Amount
Mar 2
Bank 300

Dr Bank A/c Cr
Date Particulars Amount N Date Particulars Amount

Mar 2 Bank
300

Dr R. Adelai A/c Cr
Date Particulars Amount N Date Particulars Amount
Apr 1 Balance c/d 200 Mar 2
Mar 2 Cash
Discount 190
10


Dr Wages A/c Cr
Date Particulars Amount N Date Particulars Amount
Mar 4
Bank 700

Dr R. Winla A/c Cr
Date Particulars Amount N Date Particulars Amount
Apr 1
Balance b/d 1,200 Mar 5
Mar 5 Bank
Discount 1,160
40
1,200

Dr Purchase A/c Cr
Date Particulars Amount N Date Particulars Amount
Mar 5
Mar 5
Cash
Discount 380
20 Apr 1 Balance c/d 400
400

Dr T. Chike A/c Cr
Date Particulars Amount N Date Particulars Amount
Mar 6
Mar 6
Bank
Discount 280
20 Apr 1 Balance c/d 300
300

Dr Packing Materials A/c Cr
Date Particulars Amount N Date Particulars Amount N
Mar 6
Cash 20
Dr Sales A/c Cr
Date Particulars Amount N Date Particulars Amount N
Mar 7 Cash 800

Dr Discount Received A/c Cr
Date Particulars Amount N Date Particulars Amount
Mar 5
Mar 6
Purchases
T. Chike 20
20 Apr 1 Balance c/d 40
40

Dr Discount Allowed A/c Cr
Date Particulars Amount N Date Particulars Amount
Mar 2
Mar 5 R. Adelai
R. Winla 10
40

Dr Cash Account Cr
Date Particulars Amount N Date Particulars Amount N
Mar 7 Cash 2,800


Further Explanations
1. Discount Received: This is the cash rebate given to the seller by his suppliers of goods. It is recorded on the credit side of the cash book and on the debit side of the ledger
2. Discount Allowed: This is the cash rebate given to the buyers of goods by the seller. It is usually recorded on the debit side of the cash book and on the credit side of the ledger.
3. Contra Entries: the word contra is a Latin word meaning opposite. In some cases in business, there may be excess cash in hand which needs to be paid into the bank for official use. These are known as contra entries because both sides of the cash book will have entries concerning each transaction. Contra entries are denoted by “c” or “cc” in the folio columns and on the ledger. A bank that is credited in the cash book will be debited, while cash debited on the cash book will be credited.
EVALUATION
Objectives:
1. ___________ is not a column in the ledger. (a) Date B. Folio C. Cash
2. _________ is a column for entering page numbers. A. Particulars B. Folio C. Discount
3. The debit side of the ledger is at the _______ A. left-hand side B. right-hand side C. centre side
4. The column used for recording the actual monetary value is called ______ A. folio B. discount C. Amount
Theory:
1. Define Ledger
2. List four items posted on the debit side of a ledger

Record the following in the appropriate ledger account of Tochukwu Nwufo:
2. a. Folio 28
Jan 1 he owed the business N2000
Jan 10 he was goods worth N3,500
Jan 15 he paid N4,000 cash to the business
Jan 22, receive a debt note of N550
Jan 25 receive a credit note of N150

WEEK 5
BOOK KEEPING: Petty Cash Book
Preview
1. Book keeping – petty cash book: meaning of petty cash book,
2. preparation of petty cash book,
3. Imprest system – petty cash, refinement and reimbursement.
Full Content
PETTY CASH BOOK
This is used to record small expenses such as postage stamps, envelops, transport fares, newspapers, stationery and other small items needed in the office. The word ‘petty’ means small or unimportant. We cannot pay for them with cheques because they are too small. It is also a book of original entry and also a ledger account for petty cash. The cost of each of the small items is recorded in the petty cash book instead of the ledger. The total expenses are transferred to the ledger as a petty cash account.
Columns In a Petty Cash Book

DEBIT SIDE
1. Amount
2. Date
3. Particulars of expenses
4. Voucher number
5. Total amount

CREDIT SIDE
On the credit side we have the analysis of expenses of a ledger account. This has different columns for different expenses e. g stationery, postage, transport, etc.

 
Recording of Receipts and Payments in Petty Cash Book
1. The credit entry is made in the cash book
2. The debt entry is made in the petty cash book
3. The entries on the credit side of the petty cash book are first made in the total column and then, extended into the relevant expenses column,
4. The expenses columns have various headings for different expenses,
5. The last column of the petty cash book is known as a ledger account.

Preparation of a Petty Cash Book
Example
Record the following in the relevant columns of the petty cash book of Chillington, a sole proprietor.

Jan 1. Petty cashier received an Imprest amount of N2000
2 Paid for bus fare N200
4 Paid for postage N150
8 Paid for duplicating paper N300
12 Bought envelops N250
16 Paid Mr. Kalu N500
25 Bought office pins N100
26 Bought stamps N100
30 Paid taxi fare N200

Chillington’s Petty Cash Book
DR CR
Amount Received Date Particulars Voucher Number Total Amount Analysis of Payments
Stationery Postage Transport Office Account
2,000 Jan 1
2 Bus fare 1 200 200
4 Postage 2 150 150
8 Paper 3 300 300
12 Envelopes 4 250 250 500
16 Mr. Kalu 5 500
25 Office Pins 6 100 100
26 Stamps 7 100 100
30 Taxi fare 18 200 200

31 Balance c/d 1,800
200
300 300 400 100 500
2,000
2,000
200 Feb 1 Balance c/d

The above table is a petty cash book.

IMPREST SYSTEM
This is a method used in controlling the amount of money to the petty cashier. A fixed amount called Imprest is given to the cashier weekly or monthly to pay for small expenses.

At the end of the period, the petty cashier gives account of what she spends and the balance remaining. The amount spent will be reimbursed. This process of giving a petty cashier some amount of money for petty items at the beginning of every month is called “Imprest system”.

The sum of money giving to a petty cashier is called “Cash float”. Also, the document used in raising petty cash is known as a “Petty Cash Voucher”

Petty Cash
This is a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make any disbursement by cheque, because of the inconvenience and costs of writing, signing and then cashing the cheque.

EVALUATION
Objectives:
1. _____________ is not found on the debit side of a petty cash book. A. Date given B. Voucher Number C. Total Amount
2. Which of the following expenditures can be paid from petty cash? A. Rent B. Equipment C. Stationery
3. The book where all small expenditure are recorded is called a __________ A. Ledger B. Petty cash book C. Journal
Theory:
A. What is a Petty Cash Book?
B. List three items contained in a petty cash book
C. State three advantages of a Petty Cash Book

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CASH BOOK
PREVIEW
(a) Meaning of Cash Book
(b) Types of Cash Book: Single Column cash book, Double Column Cash Book.
(c) Items on a column cash book: Cash column, Bank Column and discount column
(d) Preparation of Cash Book
Meaning of Cash Book
A Cash book is a book of account for recording cash receipts and cash payments. A Cash Book is one of the most important books of account. It is used only for recording cash transaction. A cash book, apart from the ledger is also a book of original entry.

Rules for Making Entries in the Cash Book
When making entries in the cash book, the following rules should be followed:
1. Enter all cash received on the debit side of the cash book.
2. Enter all cash paid out on the credit side of the cash book.
3. Enter the name of the receiver and the payer in the particular’s column

Types of Cash Book
There are three types of Cash Book
a. Single Column Cash Book
b. Double Column Cash Book
c. Three-Column Cash Book
We shall discuss each of these in detail:
Single Column Cash Book
The single Column Cash Book is drawn as follows:

Dr Cr
Date Particulars Folio Amount Date Particulars Folio Amount


It can be seen that Cash Book is divided into two equal parts, namely: the Debit side and the Credit side.
An Example is given below:
Mr. Akubo commenced business as a petty trade in Lagos, on 1st of March, 2011 with N8000 in cash. During the month, the following transactions took place: N
1. Mar. Bought office furniture 400.00
3 Mar. Bought assorted goods for sale 2000.00
5 Mar. Bought postage stamps 10.00
7 Mar. Sold goods for cash 80.00
8 Mar. Paid for cleaning materials 10.00
10 Mar. Received cash from Danladi Abubakar 50.00
14 Mar. Paid Adewale Adewunmi 90.00
16 Mar. Bought Stationery for cash 5.00
18 Mar. Bought sundry articles for resale 500.00
20 Mar. Received cash from Mallam Lamido 100.00
22. Mar. Cash Sales 50.00
24. Mar. Paid Jemima Johnson Cash 100.00
28 Mar. Paid wages to assistant 100.00
30 Mar. Paid rent 50.00

You are required to post the above entries to the cash book.
SOLUTION
The Cash Book of Mr. Akubo will be as follows
Date Particulars Folio Amount Date Particulars Folio Amount
1 Mar
7 Mar
10 Mar

20 Mar

22 Mar












1 Apr Capital
Sales
Danladi Abubakar

Lamido

Sales












Balance L.1
L.5
L.7

L.10

L.5












b/d 8,000.00
80.00
50.00

100.00

50.00 1 Mar
3 Mar
3 Mar

14 Mar

16 Mar

18 Mar

24 Mar
28 Mar

30 Mar
31 Mar Furniture
Purchases
Postage Stamps
Cleaning Materials

Adewale Adewunmi
Stationery

Purchases
Jemima Johnson
Wages
Rent
Balance L.2
L.3
L.4

L6

L.8


L.9

L.3
L.11

L.12
L.13
c/d 400.00
2,000.00
10.00

10.00

90.00


5.00

500.00
100.00

100.00
50.00
5,015.00

8,280.00 8,280.00
5,015.00

Two-Column Cash Book
A two-column cash book is used for recording a combination of bank and cash transactions. It has one column for each of cash and bank transactions on both debit and credit sides. It is drawn as follows:

Dr Cr
Date Particulars Folio Cash Bank Date Particulars Folio Cash Bank


Rules for Making Entries in the Two-Column Cash Book
Sometimes money is taken from the bank to a cash box in an office or shop. At other times, cash is taken from the office or shop and paid into the bank. Such transfer is called Contra Entry. They must be recorded in book accounts: cash and Bank accounts. Contra Entry is denoted with ‘cc’. The word ‘Contra’ is Latin word which means ‘opposite’

For example, when money is transferred from the cash box in an office, the bank receives the money, and is therefore debited, the cash account which gives the money, must also be credited.

Example:
Enter the following transactions in a double –column cash book of Olorunfemi Enterprises from the following particulars:

May 1 Cash in office 260.00
May 1 Cash at Bank 1,800.00
May 3 Received bank cheque from R. Yomi 160.00
May 5 Cash Sales to date 500.00
May 6 Paid cash into bank 650.00
May9 Paid R. Yomi by cheque 140.00
May 12 Paid rent by cheque 100.00
May 14 Bought Stationery by cash 100.00
May 17 Withdraw cash from bank to office 400.00
May 18 Purchase goods for cash 160.00
May 29 Cash sales to date 600.00
May 30 Paid cash to the bank 150.00
May 31 Paid wages in cash 100.00
May 31 Bank desired charges 50.00

Olorunfemi Enterprises Cash Book for May
Dr Cr
Date Particulars Folio Cash Bank Date Particulars Folio Cash Bank
May 1
May 3
May 5
May 6
May 17
May 29
May 30





June 1 Balance
R. Yomi
Sales
Cash
Bank
Sales
Cash





Balance b/d


cc
cc

cc





b/d 260

500

400
600 1,800
160

650


150 May 6
May 9
May 12
May 14
May 17
May 18
May 30
May 31
May 31 Bank
R. Yomi
Rent
Stationery
Cash
Purchases
Bank
Wages
Bank Charges
Balance cc



cc

cc



c/d 650


100

160
150
100


600
140
100

400



50

2,070
1,760 2,760 1,760 2,760
600 2,070


The Three Column Cash Book
The three column cash book is the same with the two-column cash book but with an additional column for discounts on both sides of the account.
Dr Cr
Date Particulars Folio Discount Allowed Cash Bank Date Particulars Folio Discount Received Cash Bank


Rules for Making Entries in the Two-Column Cash Book
The Discount column in the debit side records discount allowed to customers by the organization while the credit side records discount received by the organization.

Example: Record the following transactions in a three column cash book
N
Sept 1 Cash in Hand 500.00
Sept. 2 Received cheque from Joe 8,000.00
Sept. 2 Allowed Joe Discount 200.00
Sept. 4 Drew Cheque for Peter 2,200.00
Sept. 4 Received discount from Peter 400.00
Sept. 16 Bought goods in cash 250.00
Sept. 20 Received cash from Evans 4,000.00
Sept. 25 Paid Cash to Udoh 500.00
Sept. 30 Drew cheque for trade expenses 1,200.00
Workings

Dr Cr
Date Particulars Folio Disct. Allwd Cash Bank Date Particulars Folio Discount Received Cash Bank
Sept 1
Sept 2
Sept 20



Oct. 1 Balance
Joe
Evans



Balance b/d





b/d
200 500

4,000
8,000 Sept 4
Sept 16
Sept 25
Sept 30 Peter
Purchases
Udoh
Expenses
Balance



c/d 400
250
500

3,750 2,200


1,200
4,600
4,500 8,000 4,500 8,000
3,750 4,600

Evaluation:
Objectives:
1. A single-column cash book contains the following except: A. Date B. Bank C. Folio
2. Which of the following form of cash book does not exist? A. Single-Column cash book b. Double Column cash book c. Four-column Cash book.
3. The inducement given to a customer to encourage prompt payment is called______ A. cash discount B. Cash encouragement C. Trade discount
Theory:
Madam Adule commenced business on
June 1 With Cash 10,000.00
June 1 Paid to Bank 5,000.00
June 2 Bought goods with cash 3,000.00
June 10 Received cash from Ebuka 1,700.00
June 12 Bought Office Furniture 200.00
June 15 Paid Mr Aloba Aloe 340.00
Discount allowed by Aloba 20.00
June 20 Paid Tete Dimka 200.00
You are required to prepare Madam Adule’s Cash Book as at 30th June.

[admin]

PITMAN SHORTHAND (VOWEL PLACEMENT) FIRST, SECOND AND THIRD
PREVIEW
I. Vowels Placement(first, second and third),
II. Types of vowels(e,e,o, and u),
III. word drills
Full Content
In J.S. One, we learnt that Shorthand is an art of representing spoken words by written signs. In other words, words are written as they sound and not how they are spelt
Vowels, in Shorthand, are written in different positions of an outline. The position of any vowel determines the sound of the outline. It enables one to know whether an outline is a first place outline or a third place outline. You will remember that a vowel can be placed at the beginning, middle and at the end of a stroke, as illustrated thus:
……………… First Place (at the Beginning of the stroke)
………… Second Place (at the middle of the stroke)
……. Third Place (At the end of the stroke)

First place Vowel
When a first place vowel is the first vowel in a word, the outline is written in the first place position, that is the first downstroke or upstroke is written above the line. Then the vowels are written at the beginning of the stroke.

Example: Long vowel /ah/ is represented by a heave dot.

.
Pa = Ma = .


Second Place Vowel
When a second place vowel is the first vowel in a word, the outline is written in the second position, that is the first down stroke or upstroke rests on the line. Then the vowels are written at the middle of the outline or stroke.

Example:

Pay = . Bay = .


Third Place Vowel
When a third place vowel is the first vowel in a word, the outline is written in third place position, that is the first downstroke or upstroke is written through the line.

When a third place vowel comes between two strokes, it is put in the third place before the second stroke.

Example:

Tea = Eat =
. .

Types of Vowels

a. Vowel e
This long vowel /e/ is represented by a heavy dot. It is placed at the middle of a stroke. It is a second place vowel. Example as in

Day = . Date = .


b. Vowel e
The Short light sound vowel /e/ (as in fed) is represented by a dot, which is placed at the middle of the stroke. It is a second place vowel. Example as in


Beg = . Peg = .

c. Vowel /o/
This is a long sounded vowel and it is represented by a heavy dash. It is a second place vowel, therefore, it is written at the middle of the stroke.

Example as in:

Toe = - Bow = -

d. Vowel /u/
This is a short sounded vowel and is represented by a light dash. It is a second place vowel. It is therefore placed in the middle of the stroke.
Example as in:

Up = - tug = -



EVALUATION
Objectives:

1. Third place vowels are placed at the……………………. A. Beginning B. Bottom C. Side
2. Vowels are placed on the ……………….. A. Signs B. Sounds C. Strokes
3. Vowel ‘e’ is represented with a ---------- (a) light dot (b) light dash (c) heavy dot
4. In a word like cup, the ‘u’ is represented with a ------- (a) light dot (b) light dash (c) heavy dash

Theory:
1. Transcribe the following: pay, palm, calm, take, date, bay, Edet
2. What happen when a vowel comes before the stroke, where is it written?
3. Where is the second place vowel written?


WEEK 8
Pitman Shorthand (Third group of consonants and vowels)
PREVIEW
1. Consonants and Vowels – Third group of consonants ( k, g m, n, ng, I , w, y),
2. First place Vowels(ah, oo, aw)
3. Third place Vowels ( e, I, oo, oo)
Full Content
Third group of consonants
The third group of Shorthand Consonants is K, G, M, N, Ng, L, W and Y. They are represented by horizontal strokes and curves. One thing is common to these consonants, they are all written forward


Note:
When a vowel comes before a horizontal stroke, it is written above the stroke; when a vowel comes after a horizontal stroke, it is written below the stroke.

Examples
. . . . .
Came gay egg may cake

Word Drills


Way low tale bell ache lake

Delay yellow goal wedge who will name
------------------------------------------------------------------------------------------------------------
Egg may aim lay
-------------------------------------------------------------------------------------------------------------
Game name coal male
-------------------------------------------------------------------------------------------------------------
Way low make came
-------------------------------------------------------------------------------------------------------------
Wed led tale tail
-------------------------------------------------------------------------------------------------------------
Jail bell memo envelops
-------------------------------------------------------------------------------------------------------------
Bello Monday cake
First Place Vowels
The first place vowels are written in the first place, i.e. at the beginning of a stroke. When a first place vowel is the first vowel in a word, the outline is written in the first place position, that is the first downstroke or upstroke is written above the line.

The vowels are:
a. Vowel /a/
Long vowel /a/ is represented by a heavy dot as we have in:

. .
. .

Pa Ma Palm Calm

b. Vowel a
Short/a/ is represented by a light dot as we have in:
. . . . . .

Ada Aba bank map

c. Vowel aw
Long /aw/ is represented by a heavy dash (-) as we have in
- - -
-
Jaw talk Paw law

d. Vowel o
Short /o/ is represented by a light dash (-) as we have in:
- - - - .

Top dog mop Ota

Third Place Vowels
The third place vowels are four in number. Remember that third place outlines or strokes are written through the line. The vowels are:
a. Vowel /e/
This is a long vowel sound. It is represented by a heavy dot (.) written at the end of a stroke as in:

. . . .
Eat each keep teach


b. Vowel /i/
This is a short vowel. It is represented by a light dot.
Example:


. . . .
Bit pick big lip

c. Vowel /oo/ (as in food)
This is a long vowel. It is represented by a heavy dash.
-
-
-
Shoe tool Cool

d. Vowel /oo/
This is a third place vowel. It is also represented by a light dash.

Example

-
Took look

EVALUATION
Objectives:
1. The third group of consonants are ……………… strokes a. Horizontal and light b. curved and heavy c. horizontal and curved.
2. In using a second place vowel, the strokes must be written _________
a. Above the line b. on the line c. through the line
3. Thick and thin strokes are used to represent ……………………. A. consonants b. vowels c. Phrases

Theory:
1. Write these words in shorthand: lake, goal, came, pit, tale, lick, kill, Bell
2. Shock, church, lunch, gang, ship
WEEK 9
Pitman Shorthand (Consonants R & H)
PREVIEW
1. Consonants and Vowels – The fourth last group of consonants ( R & H),
2. Forems or R and H -Upward, downward.
3. Diphthongs and triphone -meaning
4. Shorthand outlines and signs
Full Content
Consonants /r/ and /h/ are the fourth group of Shorthand consonants because they have two different ways of representing them.

There is the upward /r/ and /h/, and also downward /r/ and /h/.

Upward R .
This is represented by a thin straight upstroke.
It is used for the following purposes

a. When /r/ begins a word, as in: Red - . Raid = .

b. When /r/ is in the middle of an outline, as in:

Purpose = - -

c. At the end of an outline when /r/ is followed by a sounded vowel as in

Borrow = - -

Downward R
Downward /r/ is a thin curve down stroke. It is used:
a. when a vowel comes before /r/ at the beginning of a word, as in
air, her, erase, earth
b. When /r/ ends a word, as in:
Care, dare, error
c. When /r/ comes before /m/, as in:
Rome, term, firm

Downward H
Downward H is usually represented by a downward stroke.
It is used when /g/ is the only consonant or if it is followed by /k/ or /g/, as in:
High, hake, hug

Upward H
This is usually represented by an upward stroke. It is used when joining /h/ to other consonants, as in:
Happy, hope, head, hero, etc.

Diphthong
This is described as two vowels being pronounced as one syllable. There are four types of this shorthand: /i/, /o/, /ow/ and /u/

Diphthong /i/ and /oi/ are first place vowel placements.

The sign for /i/ is __________

Example: Pie ________ Buy __________

Die _________ tie __________

The sign for /oi/ is ______

Example: Boy ________ Toy __________

The Diphthong /ow/ and /u/ are third place vowel placements.
The sign for /ow/ is ______

Example: Cow _________ Out _________

Loud __________ row

The sign for /u/ is ________

Example: duty ________ cure _________

The Triphone
A small tick added to the diphthong sign shows that another vowel immediately follows the diphthong. This combination is called Triphone. Therefore, a triphone is a combination of three vowels as in:

Buyer ________ Royal _________ Liar ___________

Via _________ Loyal_________ Power _________

Evaluation:
1. Write the following in Shorthand: Red, Raid, Purpose, burrow, care, dare, door, error, Rome, Room
2. Transcribe the following into Shorthand: Happy, Hero, hurry, home, health

[admin]

MAIN TOPIC: Shorthand
SPECIFIC TOPIC: Introduction to Shorthand
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 68-70
Pitman 2000 Shorthand first course by Pitman. Xi-xii

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define shorthand
 Trace the historical development of shorthand

CONTENTS:
Shorthand is a method of writing words quickly by means of signs.
Pitman shorthand was invented by Sir Isaac Pitman in the 19th century and was then known as the initial teaching alphabet.



EVALUATION:
 What is shorthand?
 Briefly trace the historical development of shorthand.
HOME-WORK: Mention three advantages of shorthand.

http://www.squidoo.com/pitman

http://www.omniglot.com/writing/shorthand.htm


LESSON 24
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Advantages of shorthand
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 71-72
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 mention advantages of shorthand

CONTENTS: ADVANTAGES OF SHORTHAND
 Shorthand is a means of earning a living
 It is a means of setting up ones private business
 It helps to make accurate ,immediate and legible record of spoken words in parliaments etc
 There is an improvement of the spoken and written form of English language.

EVALUATION:
 Mention three advantages of shorthand

HOME-WORK: mention four techniques of writing good shorthand outline.

further studies
http://shorthandteacher.weebly.com/



LESSON 25
MAIN TOPIC: Shorthand
SPECIFIC TOPIC: Technique of writing good shorthand outline
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 68-70
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Mention the various techniques of writing good shorthand outline.

CONTENTS:
TECHNIQUES OF WRITING GOOD SHORTHAND OUTLINE
 Provision of good shorthand writing material. This includes shorthand notebook, pen or pencil, and desk.
 Good correct sitting position
 There should be no erasure
 Constant drilling is important
 Memorizing of short form is also very important.

EVALUATION: Mention four techniques of writing good shorthand outline

HOME-WORK: What are short forms?

http://www.long-live-pitmans-shorthand. ... -speed.htm

http://rickrideshorses.hubpages.com/hub ... nd-writing




LESSON 26
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Introduction to first six consonants.
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 71-72
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 mention the numbers of consonants in Pitman shorthand
 distinguish between heavy and light strokes
 write out possible consonants for P,B,T,D and vowels A and O.

CONTENTS:
Pitman shorthand alphabet comprises of 24 consonants, 12 vowels and 4 diphthongs.
Consonants are represented with strokes and curves, vowels are represented with dots and dashes while
diphthongs are represented with angular marks.
P is a thin stroke written downwards.
B is a thick stroke written downwards
T is a thin stroke written downward
D is a thick stroke written downwards.






EVALUATION:
 How many consonants do we have in Pitman shorthand?
 Write the shorthand outline for P, B, T, and D.
 Distinguish between heavy and light stokes.

HOME-WORK: How many vowels do we have in Pitman shorthand?




LESSON 27
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Vowels
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 71-72
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 mention the numbers of vowels in Pitman shorthand
 mention and practice writing the six short vowels
 mention and practice writing the six long vowels
 mention the three placement of vowels
 practice the joining of consonants.

CONTENTS:
There are 12 vowels in Pitman shorthand and they are represented with dots and dashes.
There are six short vowel sound represented by light dots and dashes.

http://pitmanshorthand.homestead.com/Ba ... itman.html

There are six long vowel sound represented by heavy dots and dashes.
ah ā ee aw ō oo
pa may we all go too
. . . - - -



There are three places on a consonant where vowels may be placed.
These are:
The beginning or first place vowel-where the stroke begins
The middle or second place vowel - in the middle of the stroke
The third place vowel or the end vowel-at the end of the stoke.

EVALUATION:
 How many vowels do we have in Pitman shorthand?
 Write the shorthand outline for the 12 vowels in Pitman shorthand
 Explain vowel placement in shorthand

HOME-WORK: What are shortforms?





LESSON 28
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Shortforms
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 71-72
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define short forms
 Define phrases
 Memorize the first set of short forms, phrases and punctuations

CONTENTS:
SHORT FORMS
Short forms are special signs used to represent words that are frequently used in English language.
Short forms have to be memorized by constantly practicing them.
First set of short forms are:
. O
The it and is/his of to today



PHRASES
This is the joining of shorthand outlines together without lifting the pen, in order to increase our speed in shorthand writing.
.
Pay the of the date the

PUNCTUATION
This is the same in shorthand as in longhand except for:
Full stop ˠ
Dash
Question mark ?
Hypen ̋


EVALUATION:
 What is short form?
 What are phrases?
 What are the short forms for the following: it, today, the, of, and.

HOME-WORK: Join the following consonants: pd,td,pb,bd,tp,bt and drill several times.

LESSON 29
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Introduction to consonants K, G, M, N, NG.
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 59-61
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Write the outlines of the following consonants correctly K, G, M, N, NG.
 Drill some words that begin with the consonants
 Distinguish the first set of consonants from the second group.

CONTENTS:
K (thin) G (thick)

M (thin and curve) N (thin and curve) ͜ NG (thick and curve) ͜



EVALUATION:
 Write out the shorthand outline for K, G, M, N, NG.
 What is/are the difference(s) between the first and second consonants
 Write the following in shorthand ache, cake, may, no/know, oak, go, own

HOME-WORK: join the following consonants: PK, PM, DM, TK, TM, GP, CD,
Write the following words in shorthand: cape, makes, names, code, takes and dome.

[admin]

MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: DOT ING
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 71-72
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Recognize and write the outline for DOT ING
 Write more words in shorthand

CONTENTS:
A dot at the end of the last stroke of an outline represents the suffix ING. Write the stroke out first, then the dot ING and the vowel sign last.
Examples:
̇ .
Coping ̇ going dating

http://www.omniglot.com/writing/shorthand.htm

EVALUATION:
 What is the outline for dot ING?
 Write the following words in shorthand: aiming, knowing, paying, staying, taking, making, naming.

HOME-WORK: What are the short forms of the following? Doing, nothing, in his etc.




LESSON 31
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: second set of Short forms
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 71-72
Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define derivatives
 Memorize the second set of short forms and phrases

CONTENTS:
SHORT FORMS
Derivative is a term used for a word built from another word called the root word.
E.g. any is a root word, anything is a derivative
second set of short forms are:
͜
I/eye .doing in/any etc

PHRASES
͜
I do in the etc
EVALUATION:
 What is derivative?
 Give five examples each of root word and derivatives.
 What are the short forms for the following: its, nothing, you

HOME-WORK: what are the outlines for the following consonants: F, V, Th




LESSON 32
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Introduction to consonants F, V, Th, TH, SES, SEZ, ZEZ
REFERENCE BOOKS:
 Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Write the outlines of the following consonants correctly F,V, TH, Th
 Drill some words that begin with the consonants
 Distinguish the third set of consonants from the other groups.

CONTENTS:
F is a thin, curved downstroke

V is a thick, downstroke

Th (as in faith) is a thin curved downstroke

TH (as in they) is a thick , curved downstroke

EVALUATION:
 Write out the shorthand outline for F,V, TH, Th
 What is/are the difference(s) between these set of consonants and others.
 Write the following in shorthand foe, fade, fake, folk, foam, photos

HOME-WORK: Write the following words in shorthand: bases, cases, gazes




LESSON 33
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: SES, SEZ, ZES, ZEZ
REFERENCE BOOKS:
 Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Recognize and write the outline of words that ends with SES, SEZ, ZES, ZEZ
 Write more words in shorthand

CONTENTS:
The sound of SES, SEZ, ZES, ZEZ at the end of a word is represented by a large circle written at the end of an outline and is read last.
The circle SEZ must be larger than the circle
Examples: bases .

EVALUATION:
 Write the following words in shorthand: bet, betting, eggs, guessing, memo, memos
HOME-WORK: What are the short forms of the following? For, have, be, this, all





LESSON 34
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Short forms
REFERENCE BOOKS:
 Pitman 2000 Shorthand first course by Pitman. Pages 1-4

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define derivatives
 Memorize the second set of short forms and phrases

CONTENTS:
SHORT FORMS
Derivative is a term used for a word built from another word called the root word.
E.g. any is a root word, anything is a derivative
second set of short forms are:


EVALUATION:
 What are the short forms for the following: for, have, having, a/an, thanks, thanking

HOME-WORK: what are the outlines for the following consonants: L, W, Y



LESSON 35
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Introduction to consonants L, W, Y, past tense T, D and ED
REFERENCE BOOKS:
Pitman 2000 Shorthand first course by Pitman. Pages 13-17

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Write the outlines of the following consonants correctly L, W, Y.
 Drill some words that begin with the consonants
ENTRY BEHAVIOUR: Students have been introduced to shorthand.
CONTENTS:
L is a thin curved upstroke
W is a thin straight upstroke with a small hook at the beginning
Y is a thin straight upstroke with a small hook at the beginning
The sound added to most weak verbs to make a past tense is that of a T, D or ED. these past tenses are shown by writing a disjointed stroke T or D (according to which ever is sounded) close to the root outline.


EVALUATION:
 Write out the shorthand outline for L, W, Y
 Write the following in shorthand low, lungs, sold, legs.

HOME-WORK: Write the following words in shorthand: way, yellow, unpaid, wakes





LESSON 36
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Dictation
REFERENCE BOOKS:
Pitman 2000 Shorthand first course by Pitman. Pages 13-17

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 write correctly words dictated in shorthand

CONTENTS:
Write the following words in shorthand;

fail
lungs
sailing
muscle
web
mail/male
weld
unwell
envelope
faced
yes
yell
wakes
bowl
delays

EVALUATION:
 Write the following words in shorthand: aiming, knowing, paying, staying, taking, making, naming.

HOME-WORK: What are the short forms of the following? as/has, but, will, we, willing, yesterday





LESSON 37
MAIN TOPIC: Shorthand Consonants
SPECIFIC TOPIC: Short forms
REFERENCE BOOKS:
Pitman 2000 Shorthand first course by Pitman. Pages 13-17

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define derivatives
 Memorize the second set of short forms and phrases

CONTENTS:
SHORT FORMS

as/has but will willing we yesterday thanked
{symbols not available on the computer}

PHRASES
I will be the you will be the it will be the it will be the
but the as we have the but you will be the we have the

EVALUATION:
Practice writing all short forms taught several times for mastery.

HOME-WORK: what are the outlines for the following consonants: F, V, Th

further studies
http://www.long-live-pitmans-shorthand. ... vowels.htm

http://www.long-live-pitmans-shorthand. ... -loops.htm

[admin]

MAIN TOPIC: DISTRIBUTION
SPECIFIC TOPIC: Meaning and Channels of distribution
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 state the meaning of distribution
 mention the different channels of distribution

CONTENTS:
Distribution is the process of moving a product that has been manufactured from the manufacturer to the final consumer.

CHANNELS OF DISTRIBUTION
This is the means of passing goods from the producer to the final consumers.
There are various channels of distribution depending on :
 The location of the consumers
 nature of the product
 size of order etc
However, the well known channels of distribution are:
Producer Wholesaler Retailer Final consumer




EVALUATION:
 What is distribution?
 What is channel of distribution?
 With the aid of a diagram illustrate the channels of distribution

HOME-WORK: Who is a wholesaler?




LESSON 39
MAIN TOPIC: DISTRIBUTION
SPECIFIC TOPIC: Wholesaler
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 define a wholesaler
 mention the functions of the wholesaler to the manufacturer
 mention the functions of the wholesaler to the retailer

CONTENTS:
A wholesaler is a trader who buys goods in large quantities from the manufacturer and sells in small quantities to the retailer.
He may be an individual or a company.



FUNCTIONS OF THE WHOLESALER
Functions of the wholesaler can be broadly divided into two:
 his functions to the manufacturer
 his functions to the retailer

FUNCTIONS TO THE MANUFACTURER
 He saves the producer from expenses of distribution
 He advertises the products for the producer
 He provides additional capital to the producer

FUNCTIONS TO THE RETAILER
 He sells in small quantities to the retailer
 He can sell on credit to the retailer
 He often sends his salesmen and other experts to assist the retailer in the execution of his business.

EVALUATION:
 Who is a wholesaler?
 Mention three functions of the wholesaler to the producer
 Mention three functions of the wholesaler to the retailer

HOME-WORK: Who is a retailer?

further studies
http://www.preservearticles.com/2012022 ... ution.html

http://business.gov.in/manage_business/ ... bution.php

http://www.publishyourarticles.net/know ... ution.html



MAIN TOPIC: DISTRIBUTION
SPECIFIC TOPIC: Retailer
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define a retailer
 mention the functions of the retailer to the wholesaler
 mention the functions of the retailer to the final consumer

CONTENTS:
A retailer is a person who buys goods from the wholesaler and sells to the final consumer.

FUNCTIONS OF THE RETAILER
Functions of the retailer can be broadly divided into two:
 his functions to the wholesaler
 his functions to the final consumer



FUNCTIONS TO THE WHOLESALER
 He saves in small quantities from the wholesaler and sell to the consumer in the right quantity
 He forms the link between the wholesaler and the consumer
 He creates space for the wholesaler because after buying he takes his goods to his own shop.

FUNCTIONS TO THE FINAL CONSUMER
 He surveys the need of his customers before buying goods from the wholesalers
 By the location of his shop he he makes buying very easy
 He allows his customers to buy on credit

EVALUATION:
 Who is a retailer?
 mention three functions of a retailer to the wholesaler
 mention three functions of the retailer to the final consumer.

HOME-WORK: What is banking?

further studies
http://www.preservearticles.com/2012022 ... ailer.html






LESSON 41
MAIN TOPIC: DISTRIBUTION
SPECIFIC TOPIC: Meaning and Channels of distribution
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 state the meaning of distribution
 mention the different channels of distribution

CONTENTS:
Distribution is the process of moving a product that has been manufactured from the manufacturer to the final consumer.

CHANNELS OF DISTRIBUTION
This is the means of passing goods from the producer to the final consumers.
There are various channels of distribution depending on :
 The location of the consumers
 nature of the product
 size of order etc


However, the well known channels of distribution are:
Producer Wholesaler Retailer Final consumer

EVALUATION:
 What is distribution?
 What is channel of distribution?
 With the aid of a diagram illustrate the channels of distribution



HOME-WORK: Who is a wholesaler?

further studies
http://business.gov.in/manage_business/ ... bution.php

[admin]

SPECIFIC TOPIC: Wholesaler
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 define a wholesaler
 mention the functions of the wholesaler to the manufacturer
 mention the functions of the wholesaler to the retailer

CONTENTS:
A wholesaler is a trader who buys goods in large quantities from the manufacturer and sells in small quantities to the retailer.
He may be an individual or a company.

FUNCTIONS OF THE WHOLESALER
Functions of the wholesaler can be broadly divided into two:
 his functions to the manufacturer
 his functions to the retailer

FUNCTIONS TO THE MANUFACTURER
 He saves the producer from expenses of distribution
 He advertises the products for the producer
 He provides additional capital to the producer

FUNCTIONS TO THE RETAILER
 He sells in small quantities to the retailer
 He can sell on credit to the retailer
 He often sends his salesmen and other experts to assist the retailer in the execution of his business.



EVALUATION:
 Who is a wholesaler?
 Mention three functions of the wholesaler to the producer
 Mention three functions of the wholesaler to the retailer

HOME-WORK: Who is a retailer?




LESSON 43
MAIN TOPIC: DISTRIBUTION
SPECIFIC TOPIC: Retailer
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define a retailer
 mention the functions of the retailer to the wholesaler
 mention the functions of the retailer to the final consumer

CONTENTS:
A retailer is a person who buys goods from the wholesaler and sells to the final consumer.



FUNCTIONS OF THE RETAILER
Functions of the retailer can be broadly divided into two:
 his functions to the wholesaler
 his functions to the final consumer

FUNCTIONS TO THE WHOLESALER
 He saves in small quantities from the wholesaler and sell to the consumer in the right quantity
 He forms the link between the wholesaler and the consumer
 He creates space for the wholesaler because after buying he takes his goods to his own shop.

FUNCTIONS TO THE FINAL CONSUMER
 He surveys the need of his customers before buying goods from the wholesalers
 By the location of his shop he he makes buying very easy
 He allows his customers to buy on credit

EVALUATION:
 Who is a retailer?
 mention three functions of a retailer to the wholesaler
 mention three functions of the retailer to the final consumer.

HOME-WORK: What is banking?


MAIN TOPIC: RETAILER
SPECIFIC TOPIC: Meaning
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 state the meaning of retailer
 mention why he is a middleman

CONTENTS:
Retailing involves buying of many products in small quantities from different wholesalers and sale of such products to the retailer.
A retailer is therefore a trader who buys goods directly from wholesalers in small quantities and sell to the final consumers.
A retailer is a middleman because he is in the middle of the chanel of distribution just like the wholesaler.



EVALUATION:
 Who is a retailer?
 Why is a retailer referred to as a middleman?
HOME-WORK: Mention functions of a retailer.




LESSON 45
MAIN TOPIC: Retailer
SPECIFIC TOPIC: Functions of a retailer
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 25-29
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Page 50-57

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 mention the functions of the retailer to the wholesaler
 mention the functions of the retailer to the final consumer

CONTENTS:
FUNCTIONS OF THE RETAILER
Functions of the retailer can be broadly divided into two:
 his functions to the wholesaler
 his functions to the final consumer

FUNCTIONS TO THE WHOLESALER
 He buys in small quantities from the wholesaler and sell to the consumer in the right quantity.
 He forms the link between the wholesaler and the consumer. He therefore passes information about the demand situation in his locality to the wholesaler who later passes it to the producer.
 He creates space for the wholesaler because after buying he takes the goods to his own shop.


FUNCTIONS TO THE FINAL CONSUMER
 He surveys the needs of his customers before buying goods from the wholesaler.
 By the location of his shop he makes buying very easy.
 He allows his customers to buy on credit.
 He assists the customers to make a choice among a variety of goods.

EVALUATION:
 Mention three functions of the retailer to the wholesaler
 Mention three functions of the retailer to the final consumer.

HOME-WORK: What are retail outlets?

further studies
http://www.preservearticles.com/2012030 ... saler.html

http://business.gov.in/manage_business/ ... ailers.php

http://studypoints.blogspot.com/2011/06 ... _2885.html

http://www.slideshare.net/mayanka/marke ... holesalers


practice test
http://quizlet.com/22580052/marketing-1 ... ash-cards/

http://wps.prenhall.com/bp_solomon_mark ... 8-,00.html

http://highered.mcgraw-hill.com/sites/0 ... _quiz.html

http://highered.mcgraw-hill.com/sites/0 ... _quiz.html